Insmed, Inc. - INSM STOCK NEWS

Insmed Incorporated (Nasdaq:INSM) announced inducement awards to 11 new employees as per NASDAQ Listing Rule 5635(c)(4). The awards, approved by the Compensation Committee, include options to purchase a total of 59,020 shares at an exercise price of $25.17, equal to the closing price on June 1, 2021. The options have a ten-year term, with a four-year vesting schedule. Insmed focuses on transforming the lives of patients with serious and rare diseases, offering therapies for chronic lung diseases and advancing a pipeline targeting serious unmet medical needs.

Insmed Incorporated (Nasdaq: INSM), a biopharmaceutical company, announced its management will present at two upcoming virtual investor events: the Jefferies Virtual Healthcare Conference on June 1, 2021, at 9:00 a.m. ET, and the Goldman Sachs 42nd Annual Global Healthcare Conference on June 9, 2021, at 2:10 p.m. ET. Both presentations will be webcast live and archived for 30 days. Insmed focuses on transforming the lives of patients with serious diseases and has a robust pipeline of therapies for unmet medical needs.

Insmed has showcased its clinical development portfolio at the ATS 2021 International Conference with data from nine presentations on ARIKAYCE, brensocatib, and TPIP. Key findings include a study indicating higher mortality in COPD patients with NTM lung disease, emphasizing the need for effective management. ARIKAYCE showed a favorable safety profile and effective culture conversion in MAC lung disease. Brensocatib demonstrated good tolerability in early trials, and TPIP exhibited superior therapeutic benefits in preclinical studies compared to existing treatments for pulmonary arterial hypertension.

Insmed announced the closing of a registered underwritten public offering of 11,500,000 shares of common stock at $25.00 per share and $575 million in 0.75% convertible senior notes due 2028. The offerings raised gross proceeds of $287.5 million from the common stock and $575 million from the notes. A portion of the notes' proceeds will repurchase $225 million of existing 1.75% convertible senior notes due 2025. The funds will support the commercialization of ARIKAYCE and research on brensocatib and TPIP, among other corporate purposes.

Insmed has priced a public offering of 10 million shares at $25 each, raising $250 million, alongside a $500 million offering of 0.75% convertible senior notes due 2028. A portion of the notes proceeds will repurchase $225 million of existing convertible notes due 2025. The offerings, set to close by May 13, 2021, are expected to bolster Insmed's funds for commercialization and development of ARIKAYCE and other products. The convertible notes feature a conversion price of approximately $32.50 per share, with a contingent option for underwriters to purchase additional shares and notes.

Insmed Incorporated (Nasdaq: INSM) plans to offer $250 million of common stock and $500 million in convertible senior notes due 2028. Proceeds will partially fund the repurchase of existing convertible senior notes due 2025 and support the commercialization of ARIKAYCE and development of other product candidates. The offerings include options for underwriters to purchase an additional 15% of shares and notes. The offerings are subject to market conditions and may not be completed as planned.

Insmed Incorporated (Nasdaq: INSM) announced the granting of inducement awards to nine new employees as part of their employment agreements, in line with NASDAQ Listing Rule 5635(c)(4). The awards, approved by the Compensation Committee, consist of options to purchase 49,410 shares of common stock at an exercise price of $32.94 per share, the closing price on May 3, 2021. These options will have a ten-year term with a four-year vesting schedule. Insmed focuses on developing therapies for serious and rare diseases, including chronic lung conditions.

Insmed reported its Q1 2021 financial results, highlighting total revenue of $40.2 million, up from $36.9 million in Q1 2020. The net loss increased to $91.6 million or $0.89 per share, compared to $66.4 million or $0.74 per share a year earlier. ARIKAYCE was approved in Japan, expanding its market presence, and patient enrollment for ongoing clinical studies continues. The company maintains a cash position of $409.8 million and plans significant investments in clinical and commercialization activities throughout 2021.

Insmed Incorporated (Nasdaq: INSM) has announced the release date for its first quarter 2021 financial results as May 6, 2021. A conference call for investors will take place at 8:30 a.m. ET on the same day, where management will discuss the financial outcomes and provide a business update. Interested parties can join the call through a provided dial-in number or via a live webcast on the company's website. The company focuses on transforming the lives of patients with serious and rare diseases, having a first-in-disease therapy approved in the US, Europe, and Japan.